litecoin-featured

Litecoin (LTC) price prediction 2019

What factors affect the price of Litecoin and what does the future hold for this popular cryptocurrency?

Founded in 2011 by former Google engineer Charlie Lee, Litecoin (LTC) was created with the aim of improving bitcoin. Designed to offer faster processing times and lower fees than bitcoin, Litecoin is now one of the world’s 10 largest cryptocurrencies in terms of market capitalization.

As a well-established coin backed by a strong development team, Litecoin has attracted the attention of many traders seeking further growth. However, this digital currency will also face a few key challenges moving forward, so let’s take a look at what the future might hold for Litecoin’s price.

Learn more Where to buy Litecoin (LTC)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick facts

Coin nameLitecoin
SymbolLTC
Algorithm typeScrypt
MineableYes
Launch date7 October 2011

Litecoin price prediction

Before we go any further, it’s important to stress that cryptocurrencies are highly volatile and complicated, so purchasing any digital currency is a highly speculative move. There are several factors that could potentially contribute to a growth or decline in value of a particular cryptocurrency, so you need to research all of those factors before deciding to buy.

A selection of crucial points to consider before buying Litecoin are outlined below.

What could drive Litecoin’s growth?

  • Advantages over bitcoin. The whole motivation behind Litecoin was to improve on bitcoin by creating a faster, more lightweight currency. These improvements are designed to make LTC more practical for use in small, everyday transactions.
  • Supply. Supply and demand can play a crucial role in the value of any cryptocurrency. At the time of writing on 28 February 2018, data from CoinMarketCap revealed that more than 55 million of the total LTC supply of 84 million are already in circulation.
  • Backed by a development team. Litecoin is backed by the Litecoin Core development team and the Litecoin Foundation, a non-profit organization with a mission “to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies”.
  • Charlie Lee. Litecoin founder has built a notable presence on social media and also made appearances on mainstream media platforms like CNBC. While many cryptocurrencies are shrouded in secrecy and mystery, Lee’s media profile could help further establish the legitimacy of Litecoin.
  • Ease of access. Litecoin is listed on a wide range of cryptocurrency exchanges around the world, featured not only in crypto-to-crypto pairings, but also available for direct exchange with a number of fiat currencies. This widespread acceptance across exchanges improves public perception of the coin’s credibility, and also makes it easy to access for traders all over the globe.
  • Coinbase support. Coinbase is a popular cryptocurrency exchange with more than 10 million customers around the world. It allows users to exchange fiat currency for just four cryptocurrencies – bitcoin, Bitcoin Cash, Ethereum and Litecoin.
  • Forks. In February 2018, a hard fork of Litecoin resulted in the creation of Litecoin Cash. The fork was one of the factors that contributed to the price of Litecoin rising 30% in 24 hours, so any future forks could also have an impact on the coin’s price.

What could hold Litecoin back?

  • Competition. There are many other peer-to-peer cryptocurrencies battling with Litecoin for market share. Bitcoin, in particular, is the most dominant player on global cryptocurrency markets, but other peer-to-peer cryptocurrencies like Zcash (ZEC), Dash (DASH) and Ripple (XRP) could also pose a threat.
  • Lack of widespread adoption. One drawback that could hold Litecoin back is a lack of widespread, mainstream adoption. A key factor in encouraging widespread use of Litecoin may be the LitePay platform, but its postponed launch in February 2018 (more details further down the page) could affect Litecoin’s progress.
  • Increased regulation. As legislators around the world scramble to catch up with the growth of digital currencies, there’s always the threat of new laws or tightening of regulations surrounding crypto assets. For example, media reports of rumoured “crypto crackdowns” by governments around the world, notably China, can have a substantial impact on cryptocurrency prices.
  • Volatility. On 12 December 2017, Litecoin founder Charlie Lee took to Twitter with a prediction of what lies in store for the Litecoin price. He wrote: “Ok, sorry to spoil the party, but I need to reign in the excitement a bit… Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can’t handle LTC dropping to $20, don’t buy!”
  • Negative impact of forks. Lee was also critical of the creation of Litecoin Cash, labelling the new cryptocurrency a scam. In a February 2018 interview, Lee told CoinDesk: “In my mind, it’s just a scam and it hurts Litecoin.”

Where to buy Litecoin

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bank transfer
Cryptocurrency
Express Interac e-Transfer
Flexepin
Interac e-Transfer
SWIFT
CAD
BTC, BCH, ETH, LTC, XRP
Get a $20 bonus when you buy or sell at least CAD$100 in digital currency. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.
Bank transfer
Credit card
Cryptocurrency
Debit card
Interac e-Transfer
SWIFT
Wire transfer
CAD
BTC, ETH, LTC
Get a $20 bonus when you sign up through Finder. T&Cs apply.
Coinberry is a simple to use Canadian cryptocurrency trading platform that offers three popular cryptocurrencies.
Cryptocurrency
Debit card
Interac e-Transfer
Bank transfer (SEPA)
Wire transfer
CAD
BTC, BCH, ETH, LTC, XRP, EOS, ADA
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
BC Bitcoin Cryptocurrency Broker
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Credit card
CAD
BTC, ETH, XRP, BCH, LTC, DASH, DOGE, BSV
Get a $20 bonus when you deposit CAD$100 or more. T&Cs apply.
Trade some of the most popular cryptocurrencies with competitive fees on this intuitively designed Canadian exchange.
Cryptocurrency
Bank transfer
PayPal
Interac e-Transfer
Interac Online
CAD
BTC, ETH, LTC
Quebex.com is a Canadian Cryptocurrency exchange platform which provides a secure and easy way for traders of all levels to buy and sell digital assets online instantly.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC, ETC, ZRX, BAT
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
SWIFT
USD, EUR, RUB, GBP
BTC, BTG, BCH, LTC, DASH, ETH, XRP, ZEC, XLM, GUSD
Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Cash
Cheque
Cryptocurrency
Electronic Funds Transfer
Interac e-Transfer
Wire transfer
CAD
BTC, BCH, BTG, BTS, CVC, DASH, ARDR, DCR, DGB, EMC2, ETC, ETH, FCT, GAME, GNT, LSK, & 19+ more
This Canadian exchange offers a wide range of payment options for buying and selling bitcoin at competitive rates.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, & 75+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, & 78+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Cryptocurrency
Wire transfer
USD, EUR, GBP, JPY
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, XTZ, CNN, BOX, GOT, TKN, UTN
Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Coinbase Pro
Bank transfer (ACH)
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP
BTC, BCH, ETH, LTC, ETC, ZRX, BAT
Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, MLN, ZEC, USDT, GNO, EOS, BSV
Disclaimer: Highly volatile investment product. Your capital is at risk.
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or wire transfer.
Bitstamp Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
Wire transfer
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, & 128+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Poloniex Digital Asset Exchange
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Gemini Cryptocurrency Exchange
Cryptocurrency
Electronic Funds Transfer
Wire transfer
USD
BTC, ETH, LTC, ZEC,GUSD
Trade bitcoin and Ethereum at a US-based exchange where payments can be made in USD.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, & 404+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Cryptocurrency
-
BTC, BCH, XMR, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, USDT, BSV, & 134+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, & 146+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Express Zabka Market
Wire transfer
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN,ZEC,XMR
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Mercatox Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Yandex Money
USD, EUR, RUB
BTC, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, XRB, VERI, LOC, & 84+ more
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, & over 44+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
CoinMate Bitcoin Exchange
Cryptocurrency
MoneyPolo
Bank transfer (SEPA)
SOFORT
EUR, PLN, CZK
BTC, BCH, LTC, XRP
Trade fiat currencies and cryptocurrency at this European-based exchange with options to pay through domestic bank wire, SEPA and SOFORT.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, & 32+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Bitit Cryptocurrency Marketplace
Cashlib
Credit card
Debit card
Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, GAME & 29+ more
Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, MIOTA, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, & 100+ more
Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.
Gate.io Cryptocurrency Exchange
Cryptocurrency
-
BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 117+ more
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-
ETH, BTC, EOS, XRP, LTC, GOT, SRCOIN, ABYSS, CONI, ORME, PAL, VME, ZIPT, CTXC, PCH ,CNN, & 53 more

Compare up to 4 providers

What’s next on Litecoin’s roadmap

At the time of writing, Litecoin had not yet released the 2018 version of its roadmap outlining the upgrades and developments planned for the next 12 months. Keep an eye on the Litecoin Core website for details of what the development team will be working on in coming months.

However, one important piece of technology that could have a substantial impact on the price of LTC is LitePay. This Litecoin payment system is designed to offer an easy way to accept Litecoin payments, store and spend Litecoin securely, or turn LTC into dollars with the LitePay debit card. While not an official Litecoin project, Lee confirmed on Twitter in January 2018 that the Litecoin team works “closely” with LitePay.

The system was scheduled to launch on 26 February 2018, but was postponed indefinitely at the last minute “due to recent hostile actions by card issuers towards crypto companies”. In other words, it was postponed in response to several major banks prohibiting their customers from buying cryptocurrencies using their credit cards.

This resulted in a price dip for Litecoin and means that a new launch date will need to be announced in the future. If successful, LitePay could potentially drive further adoption of Litecoin as a viable alternative to fiat currency, so this is one development to keep a close eye on.

Litecoin’s competition

  • Bitcoin (BTC). The biggest cryptocurrency of them all needs no introduction, but it is one of Litecoin’s key rivals. It’s also worth pointing out that, as the first mainstream cryptocurrency and the largest player in the crypto world, bitcoin’s own price fluctuations can also have a significant impact on the prices of other digital currencies, including Litecoin.
  • Litecoin Cash (LCC). Created in February 2018 as a hard fork of Litecoin, LCC is designed to provide improved transaction processing and to enable older mining hardware to be put to use. However, some critics of the project have labelled it a scam.
  • Ethereum (ETH). The smart contracts platform is the second biggest cryptocurrency in terms of market cap and has a wide range of use cases. The wide availability of ETH on a host of exchanges also makes it a direct competitor to LTC among new buyers looking to break into the crypto market.
  • Zcash (ZEC). A cryptocurrency based on privacy and user protection, Zcash uses zero-knowledge cryptography to provide anonymous transactions.
  • Dash (DASH). Another crypto with a focus on privacy, Dash is designed to offer fast, secure and anonymous transactions. It’s also one of the top 20 cryptocurrencies by market cap at the time of writing.
  • Ripple (XRP). Designed to provide a fast and affordable real-time payments network, XRP is currently one of the top five cryptocurrencies in terms of market cap.

Beyond 2019: What does the future hold for Litecoin?

Predicting the future performance of any cryptocurrency is an extremely difficult task. In the case of Litecoin, there are a few key opportunities and challenges that could impact the coin’s value in the months and years ahead.

Launched in 2011, Litecoin is one of the oldest and best-established crypto coins out there. This means it’s widely available on a wide range of exchanges, has a reputation for credibility and also offers some key advantages when compared to bitcoin.

With that said, it faces stiff competition from a host of other coins and, like all cryptocurrencies, faces a battle to achieve widespread adoption. The launch of LitePay, should that ever successfully occur, could be a key factor to support growth.

It’s also worth pointing out that Litecoin founder Charlie Lee made headlines in December 2017 when he announced that he had “sold and donated” all of his Litecoin holdings. This caused a backlash from some quarters, with critics pointing to the fact that Lee had cashed out when LTC was trading at five times the price it had been a month previously, and that he had also caused uncertainty about the future of Litecoin.

In his announcement, Lee wrote that it was a “conflict of interest” to hold LTC and tweet about it because he has so much influence. “I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general.”

Lee also pointed out that he would continue to spend all of his time working on Litecoin, and some commentators have even suggested that Lee’s sell-off should help LTC in the long run.

Bottom line

Just like bitcoin, Ethereum and other popular cryptocurrencies, it’ll be very interesting watching the future of Litecoin unfold. Market competition and the battle to break into the mainstream are key obstacles, and the success (or lack thereof) of the LitePay system could have a big impact on Litecoin’s growth.

As always, remember that cryptocurrencies are speculative and complicated, so make sure you thoroughly research all of the pros and cons of Litecoin before deciding whether or not you should buy.


Images: Shutterstock

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Was this content helpful to you? No  Yes

Ask an Expert

You must be logged in to post a comment.

Go to site